Walmart, Scott Bessent and tariffs
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Benzinga on MSNScott Bessent Says US Will 'Continue Trading With China' While Strategically Reshoring Semiconductors, Steel, And PharmaceuticalsTreasury Secretary Scott Bessent made fresh clarifications on the country’s evolving trade posture, particularly in relation to China, and the reshoring of critical supply chains.
Treasury Secretary Bessent told NBC that if nations don't want to negotiate with the US, then their tariffs will "spring back to the April 2nd level."
In an interview with Meet the Press, Treasury Secretary Scott Bessent says that countries who don’t negotiate trade deals with the U.S. “in good faith” should expect to face the tariff rates set originally on "Liberation Day" by President Trump.
23hon MSN
On Sunday, Treasury Secretary Scott Bessent spoke to CNN's Jake Tapper about President Trump's tariff policies.
Japan’s Finance Minister said he’s arranging a bilateral meeting with US Treasury Secretary Scott Bessent this week to discuss topics including currency matters, triggering further gains in the yen.
U.S. Treasury Secretary Scott Bessent will attend the Group of Seven finance leaders' meeting in Canada next week and will seek to refocus the group on addressing trade imbalances and non-market economic practices,
Peter Schiff criticized Scott Bessent for downplaying Trump's tax cuts in the recent Moody's downgrade, instead blaming Biden administration.
Treasury Secretary Scott Bessent stated that the Trump administration’s tariff overhaul has positioned the U.S. for better trade deals with foreign countries, while downplaying Moody’s
This is the first time we’ve met, is that correct?” she asked, attempting to make a point about Bessent not being responsive to the numerous requests she made to his office.
There are 18 “important” trading partners that the United States is most focused on solidifying deals with, Bessent said. He did not say how quickly tariff rates could revert to “reciprocal” rates.